Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-079"

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"Mr President, I would like to address the Commission and the Council, simply to highlight the three failings, as we see it, in the European governance proposals. The first failing is that there is extremely strict discipline concerning deficits and debt and extremely loose discipline concerning investment, and I am thinking about Europe 2020. We really need equally strong discipline in both areas, as austerity on its own will not regenerate economic activity. The second failing is that if we are so keen to exercise control over expenditure, we should also ensure that we are bringing in the necessary income. I have emphasised this many times before: we cannot have coordination on the budget if we do not have coordination on tax. The third failing is what we see to be a democratic failing, and I find this particularly striking in the proposals by the task force. It appears that as far as the task force is concerned, Parliament does not exist, and I find this unacceptable."@en1
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